Updated Dec 4, 2024
John Burns Realty Represents Buyer In $1.775M Sale Of South Boston Multifamily Property
146 N Street
$1,775,000
$535/SF
Building Size
3,312 SF
Asset Type
MultiFamily
Closing
Jul 23, 2024
About this deal
AI
A multifamily property located at 146 N Street, South Boston, has been sold for $1,775,000. The property features a total of 3,312 square feet and is composed of 8 bedrooms and 3 bathrooms. Built in 1905, this asset showcases a price per square foot of $536, highlighting its market value within the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Address: 146 N Street
- Market: South Boston, MA
- Square Feet: 3,312
- Price per Square Foot: $536
- Bedrooms: 8
- Bathrooms: 3
- Year Built: 1905
The buyer was represented by John Burns from John Burns Realty, while the seller was represented by Paul Gannon from the Law Office of Paul J. Gannon. Their involvement facilitated the completion of the transaction for this multifamily asset in South Boston.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93